Is September a good time to enter the market and hoard coins?
We cannot control the market, and the capital market is operated by the dog dealer. We are just a runner-up. We follow the market. It is not terrible to be trapped, because you are not the only one who loses money, so you should keep a good attitude.
Instead of complaining every day, it is better to learn more, improve your cognition, and explore more knowledge points that you don’t understand in this industry. We still have a lot to learn.
Don’t be a fence-sitter, you must have your own cognition, otherwise you will never make money! Other people’s opinions are just opinions, at most a reference, you must have your own conscious behavior.
Last week at the end of August, I said that the unemployment rate in September is very important, but it started to fall before September 6. The manufacturing activity data released by the United States was bearish, and the suspicion of economic recession came again, so the US stock market plummeted -3.5%, the Japanese stock market -4%, and Bitcoin followed the general trend and fell to 55,600, Ethereum 2301 (yesterday).
The cumulative decline is also a big drop. The recession is really powerful. The first rumor in early July: 63,500-53,500 fell by 10,000 dollars. The second recession in August was suspected to be a black swan (fake black swan): it fell by 64,000-49,000=15,000 dollars.
It started again in early September: 65,000-57,607= 7,393, also close to 7,500 dollars
The recession hype is too scary, like the sword of Damocles, hanging over your head, PUA once a month, the question is whether retail investors can withstand this kind of tossing?
Tomorrow is the most critical non-agricultural data release. If it is equal to or higher than expectations, the hype of the recession should take a break.
In addition to the public debate of the US election four days later, as long as the non-agricultural data is not bad, there should be a decent rebound in the next few days. Of course, if it is lower than expected, the risk of recession will continue, which will exacerbate the market's concerns about the "hard landing" of the US economy.
Global stock markets may suffer a greater impact as a result, and the cryptocurrency market will not be spared and is likely to follow the downward trend. This is not optimistic and we have to wait and see.
It is also funny to say that in the past, for the cryptocurrency market, non-agricultural data that was lower than expected was good news (it meant that the economic performance was not good, which was conducive to early interest rate cuts, and interest rate cuts were good news)
It was not easy to wait until the interest rate cut was about to start, but the trading economy was in recession again. This year is really difficult.
